Companies partner for billion-dollar buildfest.MUSS Development LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control has selected Onex Real Estate as its partner for the development of Queens' massive billion-dollar, 3.3 million-s/f Flushing Flushing, part of Queens, New York City, United States Flushing, former village, now in N Queens borough of New York City, SE N.Y.; chartered 1645, inc. into Greater New York City with Queens in 1898. Town Center, a mixed-used development that is to be located at College Point Boulevard and Roosevelt Avenue in Flushing, Queens Flushing is an urban neighborhood in the northern part of the borough of Queens in New York City, New York. Flushing is now home to large Chinese, Korean, Indian, Hispanic, and African American communities. The neighborhood is part of Queens Community Board 7. . "We've been looking at the Flushing market for a year and a half," said Michael Dana chief executive officer of Onex Real Estate. "It's an extraordinary market. In our opinion, outside of Manhattan, the most vibrant 24/7 communities in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. ." Dana said his group discovered late last summer that Muss was looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a partner on the project. Slowly, the two began talking. "Little by little, we learned more about the project and we think it is a tremendous opportunity," Dana said. "In partnership with the exceptional team of professionals at Onex Real Estate, Muss Development is on schedule to provide the residents of Queens with one of the largest new retail and residential destinations in New York City," said Joshua Muss, president of Muss Development. "The development is expected to provide a major economic boost to the area by turning under-utilized land into one of the most valuable assets in the borough of Queens." When complete, the 14-acre project site and will include approximately 800,000 s/f of retail, a 2,500-space parking garage, 1,100 condominium condominium In modern property law, individual ownership of one dwelling unit within a multidwelling building. Unit owners have undivided ownership interest in the land and those portions of the building shared in common. units and a new 40-foot-wide waterfront esplanade along the Flushing River The Flushing River, also known as Flushing Creek, is a waterway that flows through the northern part of central Queens in New York City, emptying into the East River. The river is located in a valley that may have been a larger riverbed prior to the last Ice Age, neatly dividing together with a connector to 40th Road. The retail portion of the project--which will feature a three-level mall--will open first, with completion of this component scheduled for fall of 2008. Muss companies said in a statement that the commercial element of Flushing Town Center has been substantially pre-leased to major national tenants. The condo units, spread out over six residential towers and ranging in size from one to three bedrooms, will open for occupancy in 2009. Though now partnered on the project, Dana said that Onex would respect Muss' authority as the site's developer. "Muss is clearly a developer with a long and wonderful history," said Dana. "We're more of a financial player, but not a passive one. We're alongside of them when it comes to strategy, but the execution is their responsibility." |
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